Diana Shipping reduces losses
(Posted on 14/05/18)
Diana Shipping Inc. has reported a net loss of $3.1 million and net loss attributed to common stockholders of $4.5 million for the first quarter of 2018, compared to a net loss of $26.5 million and net loss attributed to common stockholders of $27.9 million reported in the first quarter of 2017. Time charter revenues were $48.4 million for the first quarter of 2018, compared to $31.3 million for the same period of 2017. The increase in time charter revenues was due to increased average time charter rates that the Company achieved for its vessels during the quarter and increased ownership days resulting from the enlargement of the fleet.
Diana Shipping specialises in the ownership of dry bulk vessels. As of 10th May 2018 the company’s fleet consists of 50 dry bulk vessels (four Newcastlemax, 14 Capesize, five Post-Panamax, five Kamsarmax and 22 Panamax). As of the same date, the combined carrying capacity of the fleet is approximately 5.8 million dwt with a weighted average age of 8.71 years.
The fleet is managed by a wholly-owned subsidiary Diana Shipping Services S.A. and an established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited in Cyprus.
Latest News
ASL sees continued surge in demand for Cape Size carriers
(Posted on 19/03/25)The surge in demand for Cape Size bulk carriers will continue for another six weeks, driven on by increased... Read more
Partnership to enhance compliance and emissions management
(Posted on 18/03/25)OrbitMI, a leading provider of maritime SaaS software, has announced that Istanbul-based Statu Shipping... Read more
INTERCARGO statement on loss of seafarers in Odesa bulker attack
(Posted on 18/03/25)“The International Association of Dry Cargo Shipowners (INTERCARGO) is deeply saddened by the... Read more
DNV white paper on adoption of ammonia and hydrogen fuels
(Posted on 18/03/25)As the shipping industry continues its transition to carbon-neutral fuels, ammonia and hydrogen are... Read more
Enclosed space survey aims to understand why seafarers are still dying
(Posted on 12/03/25)Ship managers and maritime professionals have joined forces to address concerns over the continuing... Read more
Algoma takes delivery of three vessels in a week including final Equinox
(Posted on 12/03/25)Algoma Central Corporation has achieved a significant milestone, taking delivery of three new ships,... Read more
Asyad Shipping successfully lists on Muscat Stock Exchange
(Posted on 12/03/25)Asyad Shipping Company SAOG, one of the world’s largest diversified maritime providers and a global... Read more
Maritime framework in focus as Jamaica develops its maritime services
(Posted on 12/03/25)As Jamaica continues to develop its maritime sector, expanding its shipping services, growing its bunkering... Read more
Record-breaking year in safety for ESL Shipping
(Posted on 06/03/25)ESL Shipping, the leading carrier of dry bulk cargoes in the Baltic region, has achieved remarkable... Read more
DNV report to help shipowners select energy-efficiency measures
(Posted on 06/03/25)With increasing regulatory pressure and rising fuel costs, the shipping industry must accelerate decarbonization... Read more
